If you run a small business, you know what a headache it can be to collect many small payments from individual customers*. Now they can send the money directly to you just by knowing your email address.

Funds sent by Interac*** Email Money Transfer are cleared quickly and you can use Scotia OnLine® Financial Services to deposit your customer's payments directly into your Scotiabank small business account. No cheques to deposit, and no bounced cheques.

Features

Here's how easily an Interac Email Money Transfer can work for you:

• your customers sign-on to their bank's online banking site and select the link for "Interac Email Money Transfer"**
• they enter your email address in the appropriate field
• they enter a Security Question that only you will be able to answer
• they enter the amount to send, and select the account from which they want to withdraw
• the money is withdrawn from their account, and an email notification is automatically sent to you, containing a hyperlink to the Scotia OnLine sign-on page
• After signing-on and answering the Security Question, you can deposit the funds immediately to your Scotiabank account

Benefits

• all your customer needs is your email address and a Canadian bank account*
• you'll collect receivables as quickly as your customers can send you an email
• it's secure - email is used only for notification purposes, it doesn’t actually carry the money
• the Security Question provides an added layer of security to give you peace of mind
• your customers don’t need to know your bank account number, and you never see theirs
• also as a small business with access to Scotia OnLine, you can send money to individuals from your personal account, or to other businesses from your business account

Next Steps

Ask your customers to send you an Interac Email Money Transfer. To help them understand what it's all about, you can refer them to CertaPay where they'll find details about sending an Interac Email Money Transfer on their bank's online banking site.

* Your customers that are individuals and who bank online with one of the participating financial institutions can send you an Interac Email Money Transfer. If your customer is another business, they may be unable to send you an Interac Email Money Transfer, and should check with their financial institution. Service Fees and Limits vary by institution.

** Interac Email Money Transfers can be sent using the online banking services of the following financial institutions: Scotiabank, BMO Bank of Montreal, CIBC, RBC Royal Bank, and TD Canada Trust.